Newspaper article The Evening Standard (London, England)

I'll Sell Stake If the Price Is Right, Says easyJet Founder; IN BRIEF

Newspaper article The Evening Standard (London, England)

I'll Sell Stake If the Price Is Right, Says easyJet Founder; IN BRIEF

Article excerpt

EASYJET founder Stelios Haji-Ioannou, pictured, reiterated that he would sell his stake in low-cost carrier easyJet if the price was right and if the buyer could be trusted to protect the "easy" brand.

Iceland's FL, which owns 16.2%, is widely touted to be lining up a bid. "I have to be rational - every asset has a price," Stelios told Singapore's Channel NewsAsia. "For me there are two issues: I haven't said at what price I will sell at and, at the end of the day, I still own the brand name. I have to make sure that whoever buys will do justice to the brand name."

Daresbury checks out of chairman's room at De Vere THE last member of the founding Greenall brewing family is leaving the historic business.

Former National Hunt jockey Lord Daresbury, pictured, better known by his old name of Peter Greenall, is stepping down as chairman of De Vere, the hotels group formed from the remnants of the old Greenalls empire after it sold its pubs and brewing businesses. He will be replaced by former Whitbread finance director David Richardson, appointed non-executive director last October. The move adds to speculation of a major restructuring or sale of De Vere.

Engineers get to work on Cairn's key Indian oilfield

CAIRN Energy has called in Texan specialists to begin detailed design and engineering on the Mangala oilfield, its find in the Indian desert which propelled the explorer into the FTSE 100. Cairn has hired Mustang Engineering, a subsidiary of London-quoted John Wood, to accelerate development of the field in Rajasthan.

Investors took that as a sign Cairn is not seeking to sell on its Indian assets. The company said in a trading statement today that it expects to upgrade the estimated value of its Indian reserves further.

Chiltern owner pursues Tesco over tunnel collapse

TESCO faces a bill running into millions over the building of a supermarket at Gerrards Cross, Bucks, which led to the collapse of a tunnel on the London Marylebone to Birmingham rail line. …

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